Posted by William Charles on December 3, 2018
Credit Cards

Published on December 3rd, 2018 | by William Charles

27

[Expired] Citi Sears Mastercard – $40 Sign Up Bonus & Great Ongoing Spend Bonuses + 5%/3% Categories

The Offer

Direct link to offer

  • Get a sign up bonus of $40 when you spend $50 or more within 30 days from account opening

Card Details

  • Card earns at the following rates for the first 12 months
    • 5% back in points on eligible purchases made at gas stations*
    • 3% back in points on eligible purchases at grocery stores and restaurants*
    • 2% back in points on eligible purchases made at Sears & Kmart
    • 1% back on all other purchases
  • No annual fee

*These categories have a combined limit of $10,000 in spend, after that they will earn 1% back in points

Our Verdict

You don’t get this card for the sign up bonus (although it was $150 last year). you get it for the targeted promotions offering 10%/5% back on popular categories with decent caps.  That’s also why it’s listed as one of the best store credit cards. The bonus categories aren’t actually that interesting as there are other cards that earn at higher rates:

You can product change this card other versions of this card converted (e.g Citi ThankYou points. This has no bonus categories but it means it earns ThankYou points during promotions).  You can read our full review of this card here. Before asking any basic questions or applying make sure you read through these things everybody should know about Citi cards.

Hat tip to reader aubergine



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Andrew
Andrew

You should list the cashback amounts since that is a version also.
Along with low balance cancellation

arch
arch

Can you clarify for those unfamiliar? What do you mean by “cashback amounts version” and “low balance cancellation”? thanks

Andrew
Andrew

There are 3 versions. One earns shop your way points, one earns cash back one earns thank you points. I’m not much of a traveler so cash back is best.

Low balance cancelation:
https://www.doctorofcredit.com/small-balance-waiver-a-k-a-lots-of-free-99-cent-amazon-gcs/
I get about $15 a month in free amazon gift cards from sock drawer cards.

Ferris
Ferris

This is a really nice boost to the usual free Pepsi 2-liter I’ve seen in Kmart the past year. Now it’s worth at least 20 Pepsi 2-liters for all you Pop drinkers out there.

TomJ
TomJ

Just applied and was approved with a $4K limit. We shall see if this turns out to be a valuable card in my arsenal.

Unclesam
Unclesam

Can you convert an existing Thank You Preferred card to this card?

Rick
Rick

No. You can’t PC any Citi cards to Sears card

Kapil
Kapil

I think applying in stores gets you better sign up bonus especially during holidays its like 40-50% of your entire bill etc.And they have two versions of cards one with mastercard other sears store card and both can be signed up for.
Have been using this card for quite some time.

Anthony
Anthony

They have 40-50% off your bill??

Jim
Jim

Any short-term concerns with this card considering Sears may not be around next year?

Andrew
Andrew

It’s a gamble. For those of us with a lot of cards it’s less of a gamble. I’d change away from shop you way points asap though.

DaveinAZ
DaveinAZ

Actually one of the reasons I got this card in Jan, 2018 is that Sears may go under. I’m blocked from getting a Citi retail card as I included a couple Citi cards in my 2010 BK. My thinking is if Sears goes under Citi won’t just close the card and lose all the customers so they may convert it to a Citi cards like Simplicity. Just doing the $50 spend for $40 bonus for now and then sock drawer the card.

Yuriy
Yuriy

And just to confirm – you can product change the rewards to be thank you points or cash while getting the offers as a Sears card holder? We all know the use of SYW rewards is not great and Sears is on the brink as it is…The benefit hinges on being able to change the rewards redemption

TomJ
TomJ

Is there a site that explains how this product change can be accomplished or is this a dumb question?

Zack
Zack

Might apply for this just to have a better card for gas
EDIT: nvm didnt realize this was shop your way points

USB
USB

Applied and got approved after verification over the phone. No credit pulls surprisingly

arihalli
arihalli

I got the card. And i looked for a way to spend $50 and recieve the $40 rebate. But the prices were SO inflated. It seems like a gimmick. I even looked for Coffee Pods. But they were all about $1 per pod. I cancelled the card. Hope others have better luck.

-t
-t

I think it just means $50 worth of spend that is defined as a “purchase”. Could have bought $50 worth of groceries or anything and gotten the credit. There is no requirement to make the purchase at Sears.

TomJ
TomJ

Yeah, I read it that way too. I searched several times to see if the initial $50 purchase were restricted but I can’t find anything that says it is. So, I also assume it is any purchase for $50+.

arihalli
arihalli

Thanks! your both probably right and I blew an opportunity to make a free $40. Drats…

-t
-t

You might be able to reopen the account. Worth a try since you already got a hard pull for it.

Kool Stone
Kool Stone

Question: I already transferred the card to TYP card, so the earning structure like:
Card earns at the following rates for the first 12 months
5% back in points on eligible purchases made at gas stations*
3% back in points on eligible purchases at grocery stores and restaurants*

The 5% on gas and 3% on grocery stores and restaurants still working? I mean, to earn TYP points for the 5% and 3%?

Toad
Toad

Just a recent DP with the impending doom surrounding Sears:

As of 1/10 you can still convert the card from a SYW to a TY point earning card. Whether you want to take a gamble on getting the card now or not is another story…

HoKo

I faintly remember reading some DP’s saying that you need to wait ~3 months before being eligible to product-change to the TYP version of this card. Is that right?

Ben
Ben

Following link to offer, looks like this is now $20 off $30 signup offer instead of $40 off $50.

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